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Softbank Units, Kmart Invest
$80 Million in BlueLight.com

A WSJ.com News Roundup

Updated Aug. 14, 2000 12:00 p.m. ET

SAN FRANCISCO -- Kmart Corp., along with Softbank Co.'s Softbank Venture Capital and Softbank Capital Partners units, invested an additional $80 million in Internet-access and e-commerce company BlueLight.com.

Kmart said it plans to invest $55 million, while Softbank plans to invest $25 million.

BlueLight.com (www.bluelight.com ) launched in December. The company is a joint venture of Kmart, Yahoo! Inc. and Softbank Venture...